Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)


Socially Responsible Investing: Evaluation of the performance of India???s ESG Funds Using Traditional Risk Adjusted Metrics

Author(s): Harsh Thakrar, Charu Bhurat

ESG is still a new term in India, and companies are hesitant to invest in it because they are afraid it will hurt their profits. This article looks at the results of Socially Responsible Investment Funds and Socially Responsible Indices. It compares the financial performance of ESG funds in India to that of market benchmarks and tries to dispel the myths that most investors have about ESG and ESG investing. This research seeks to evaluate the performance of India's ESG funds using the 'traditional' risk-adjusted metrics of Jensen’s Alpha, Sharpe Ratio, and Treynor Ratio, which have been employed in large number of prior studies.

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